Tribunal Confirms Assessee's Reporting of Property Income as Long-Term Capital Gains, Not Business Income; Decision Deemed Reasonable.

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....Correct head of income - The Tribunal thereafter on the basis of meticulous appreciation of evidence on record has recorded a finding that assessee has rightly disclosed the income from the property as long term capital gains instead of business income. The aforesaid finding by no stretch of imagination can be believed to either perverse and arbitrary.....